So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
Hello, thank you for your question. If you have maxed your concessionals contributions and your still saving thats a great outcome. If the interest you are receiving is causing increased tax to be paid then getting some of these funds into super via a non-concessional contribution can be considered. While maintianing solid cash reserves. I agree with regards to the transition from build to spend, huge change in thinking and habits. Thanks again, Rob
I am awhile from retirement 10-15 years, but i really found this video useful, thank you and ignore the haters....clearly they missed valuable information.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
A well diversified portfolio is essential, and its great to always have that common-sense lense of investing into stocks that have are expected to be major players as we incorporate AI into everything with a chipboard! Thanks for adding to the conversation. Amy
Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.
Good information guys thanks. If a couple aren’t going to get to $900k at pension age, should they just not aim higher than $450k at all? Is anything in the middle just going to reduce pension? Why not retire early 60s and spend down to $450k at 67?
Fair question, if possible aim higher to not get pension at all? Based on the $950k, spend more early seems fair as well. All depends on the individual’s objectives.
Thanks guys very clear advice for us Aussies, keep up the work! I'm looking at retirement soon with $700K super- couple I'm just turning 60yrs, but i agree with your estimate of later one partner from 85yrs is likely and greater pension. I may return to work part time in the future to boost cash flow if its a problem also possible inheritance may help as well. I believe Gifting to children lump sums will count in assets test within 5x yrs of applying for pension.
Straight from moneysmart. To be eligible for the Age Pension, you must: -be age 67 or over, depending on when you were born -be an Australian resident and have lived in Australia for at least 10 years (5 years with no break) -meet the income and asset tests
@@ConsortiumPW No argument with anything stated in your reply. Lots of people can and do meet your stated eligibility criteria for an OZ pension as well as meet the required conditions fora UK and other nations State pensions.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Re funerals... a tip: you absolutely don't need to spend $15K for a funeral bond. $3-4K should be enough, per-person. Just put the money aside, write a note for the executor of your will. Save the money, do something better with it.
Agreed, a funeral will not cost most people $15,000 but it will be exempt from the Centrelink Assets test and increase the age pension by $780 for every $10,000 reduced making it a good deal. What is not used for the furneral is refunded. Thanks for your comment, Rob
If I known I would not invest the way I did. I INVESTED JUST UNDER $400,000 and did not relies that I would loss $11,423.30 from $29,023 pension annual, leaving me with $17, 423.30.This is because previous government put a ASSETS TEST on your investment, it is a discrimination against anyone who what to feel comfortable in their retirement. At the sametime you can put (say $400,000) in a FAMILY TRUST FUND and still get the pension "because " you now have nno or little money. But at the sametime your family will assist you in anything you need. Therefore you pension becomes more a comfortable amount to live, giving that extra cash to do with it.
Thanks for your comment. The Centrelinks asset and income test has in place for decades, there has been changes over time. For a single home owner the lower is $314,000 excluding your home, the pension reduces up $686,250 and cuts out after this amount. There are ways to reduce the assessable assets, Lifetime annuity, gifting, or funeral bonds. If you move your assets to a Family Trust that you control the assets are still assessable under your name. If controled by a family member and you still benefit, Centrelink may still apply the assets to you. Regards, Rob
@@ConsortiumPW so you think that is OK to still discriminate against anyone who has ""more"" than the amount you ""should "" . This is very similar as a person who controls a partner under the Domestic Abuse.
Good to see the options. I wanted to know how $650k from the age of 60 a couple can retire? How much do they have yearly to spend until 93 years of age? Sorry, you didn’t get into that.
Thanks for your question. Its a difficult one to calculate, as the chances of both getting to age 93 and receiving the Age Pension as a couple is low. The difference of the full Age Pension as a couple is $44,000 compared to $29,000, which is massive. So what I do is project to age 85, assumig someone will pass away and see if there is there enough financial assets to supplement the $29,000 single Age Pension, for those years when not too much is spend. Also retiring at age 60 means you are self funded until Age Pension age at 67. Now after saying all that, to answer your question. An income of $58,000 indexed to CPI less 0.5% pa (We spend less as we age) should see enough funds for the remaining single penioner at age 85. Sorry that was a lot, but hope it helped. Regards Rob
@@Procharged32I would hope the template starts at the average age and is then tailored to be more closely aligned to the individuals involved. Often this involves you providing an assessment with some knowledge. I had employment which involved risk management so I was familiar with estimating forward in many scenarios.. eg saying 74.5 % of people like say the colour blue is ‘less’ accurate than saying about three quarters of people like the colour blue.
Yep I am another who was initially interested but I stopped the video the moment you trotted out the woke ‘welcome to country’. I don’t need to be welcomed to my own country and u probably don’t even know why you are saying it. Sorry but you’ve lost me.
I wonder when they are going to acknowledge other ethnicities e.g. Greek Australians or Vietnamese Australians. It is explicitly racist to select 1 and only 1 ethnicity - not their intention I suspect!
Thanks for video. I kow a few pensioners that can actualy save money on the pension. I am trying to work out when to retire 61 at present.dont want to work to 67. I would agree your job is to give the best financial advice.not promote a particular way of thinking that may on not be popular depending on your audience. Thanks ben
Everyone has different needs and values. Some of the happiest people I've meet are on a full Age pension and nil investments. I've seem some of my very wealthy stressed at time because of $$. If you can live off a lower income, it provides you more options to retire prior to Age Pension age. Get some advice and complete the projections, the numbers should be our guild. Thanks Rob
Hi Paul, I just ran some numbers and because $45,000 pa in not a big yearly expense it does work. The fund do ran down while you would be self funded through to 67, and then close to a full Age pension of over $43,000 pa. From age 67 you could actully save. Thanks Rob (General Advice Only)
A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍
@@Rick-kj9dd A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍is clear now
Hi Rob & Amy l thought the presentation was good l would like to see a scenario where a couple was going to retire abroad at let’s say 65 years of age would that be possible
Suggestion: change title of video to "How to retire on $650,000 AND YOUR OWN HOME as a couple in Australia". It's all about owning your own home. If you don't, you are going to have a very hard time retiring on 650K. Rent is going to take out most of that nest egg. IMO, this is going to cause major problems in Australia, as many more people will never be able to buy their own home.
Hmmm, like the suggestion for some other variations of the theme. I agree, home ownership should be a goal for everyone, that goal is now so difficult to achieve given the crazy house prices and debt levels needed to purchase a home. Thanks Rob
Great Info. Can't you cut out the welcome to country crap. Aren't we all Australians. The constant talking about race creates move division and constant negativity.
Why is your respect limited to First Nation people? If we are expressing our gratitude for those important elders of the past we should also thank the hard working men and women who endured great hardship to make this country great; the young people who strive to educate themselves to help us navigate future challenges; Americans soldiers for their sacrifice to defend our freedom. It’s a great habit to offer gratitude and respect to those who deserve it, so let’s get real.
It's not only the money they get it's vall the other benefits eg power bills ,rego, medical, dental, even hearing aids . Where as i don't receive one cent of government assistance. Because i planed but i am not rich 750000goes quickly but as soon as i can i will be getting everything im entitled to.
And so you should. Superannuation was never intended (except in the LNP party room) to ‘replace’ the pension, it’s a supplement to support Australians in retirement. I celebrate I won’t need the pension immediately at 67 like yourself.
Great work guys ;) Ignore the keyboard warriors with their pants around their ankles.... this is great stuff. are you able to do a single person at 60?
Hi Tony, fees can have a significant impact on your net returns and your balance over a long period of time. Important to understand what your paying, there are three types of fees. Product admin fees, ICR or investment manager fees and possibly a adviser fee if you use an adviser. If your in an old product, it may be costly when compared to more modern day options.
The irony - I always thought being "woke" was having a sook and complaining when you don't get your own way (so that would make you "woke"). And don't kid yourself, you're only speaking for the vast majority of boof heads with an antiquated opinion.
Hi Danny, per member of a couple this would be considered a comfortable income for the first half of retirement, as per the ASFA retirement standard. Thanks, Amy
@@ConsortiumPW We worked all our entire life for this country, when we are getting old, unable to work any longer we need to be look after well by this country, with cost living are skyrocket what today's $450 per week can buy you? TBH, it can't even buy you a plumber visit! It's so sad when people getting old, actually they are the most vulnerable people of society. NZ and UK none of them has mean test for retirees why does Australia to follow their cousins to do the same for its own retirees give them a decent retirement life for their last life journey. I personally agree what UK and NZ does to their retirees that is call Generous!
@@dannyfire8694 The country doesn't owe you a living in retirement mate. You owe it to yourself to have your house paid off before you get to that age and do the preparation well before retirement. The whole point of the Superannuation scheme being set up back in the 80's was to take the pressure off people needing to sponge off the pension system. You sound like you want your cake and to eat it as well - not going to happen.
@@Bobbydazzlla You are wrong! That is why we work hard when we are young, pay taxes, and build a country where every taxpayer can enjoy their old age with peace of mind. Instead of having the elderly either forced to leave because of the high cost of living that they cannot afford, or stay and live in poverty... This is a country where politicians enrich themselves for their own retirement, and this country continues to accept new immigrants and refugees, who are taken care of better than their own elderly, but do not contribute anything.
@@danielguo1033 Mate, my dad told me at a very early age that - I'll always have to work and I'll always have to pay taxes and the sooner I get over that fact the happier I'll live. Sounds like YOU needed that talk. He was right, I worked on a production line, added as much money as I could to my super, and retired 4 years ago aged 54. No one owes any of you anything and the soon you realize that in life the less you'll belly ache about it later.
There is nohing “hateful or racist” here in the comments section; if you believe there is then report it and have it removed. One thing people do hate is being continually welcomed to their own country everyday. Can you imagine if some stranger rang your doorbell everyday and welcomed you into your own house. This divisive rubbish needs to end.
You lost me and all of your credibility with the woke welcome to country crap. No subscription from me today. Next time start with something less divisive.
What's divisive about paying respect to the original custodians (65,000 years) of this land that we call home? Attitudes like yours are the source of hate and division.
@@annecrestani9218 Wouldn't it be nice to engage in something non political without lefties who have never paid respect to anyone, demanding respect ,from everyone. I assume you would have been respectful if this video has started with a tribute to Cptn. Cook and British colonization. Lets just keep it non political then, so you can keep your hatred for some other lefty cause.
@@annecrestani9218 So you'd be ok about seeing a tribute to cptn Cook and British colonization in a retirement video. Perhaps it's just better to keep it all non political and that way you can keep your hatred and lack of respect for other not wanting to be brainwashed to yourself.
Next time you want to do that woke acknowledgement crap, don't forget to acknowledge the people who were brought here kicking and screaming against their will for crimes that would today be punishable by a fine or community service. Actually, it's the first nations people who should do that but I've never heard of it being said by them.
Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!
Hi Rick, thanks for the feedback, we tend to allow the recorded podcasts (such as this video) to be much more casual in presentation. If you are after more professional style vidoes, you may enjoy the short videos on our channel. Kindly, Amy.
Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!
@annecrestani9218 allowed to have a point of view. . It wasn't racist either it was just that everywhere you go, you don't need to be constantly reminded it has lost all meaning. this constant barrage is what's causing separatism division. You don't know anything about me and my family ties, I'm married to someone who has indigenous ancestors, as is my daughter, and my grandchildren are part aboriginal due to that fact, but it is OVER used
Acknowledgement of land , HAA. How many indigenous people do you think watch these videos? I'll take a guess and say ''ZERO'' So who are you pandering to?
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
Hello, thank you for your question. If you have maxed your concessionals contributions and your still saving thats a great outcome. If the interest you are receiving is causing increased tax to be paid then getting some of these funds into super via a non-concessional contribution can be considered. While maintianing solid cash reserves. I agree with regards to the transition from build to spend, huge change in thinking and habits. Thanks again, Rob
I am awhile from retirement 10-15 years, but i really found this video useful, thank you and ignore the haters....clearly they missed valuable information.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.
While the market is promising, expert guidance is essential for effective portfolio management.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
Her name is ‘Dianne Sarah Olson’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
A well diversified portfolio is essential, and its great to always have that common-sense lense of investing into stocks that have are expected to be major players as we incorporate AI into everything with a chipboard! Thanks for adding to the conversation. Amy
Thanks for such a clear explanation of the various scenarios - you both made things make sense.
Glad it was helpful! Rob
Just stumbled across your channel. Great to see some Aussie content on UA-cam. Well presented and easy to listen too.
Thanks Shane
Knowing about the immunity and its exemtion was new to me . Not easy to get these informations .Thank you .
Glad it was helpful!
Great presentation and ignore the haters - good to hear some Aussies on these topics thanks for sharing
Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.
We wont stop educating either way :) Thanks for the comment. Amy
Would a segment on debt recycling be possible (pros, cons, products, asset and debt ownership structures, etc)? Really enjoy your videos, thanks guys.
Great suggestion Glenn! Thanks Rob
Good information guys thanks. If a couple aren’t going to get to $900k at pension age, should they just not aim higher than $450k at all? Is anything in the middle just going to reduce pension? Why not retire early 60s and spend down to $450k at 67?
Fair question, if possible aim higher to not get pension at all? Based on the $950k, spend more early seems fair as well. All depends on the individual’s objectives.
Thanks guys very clear advice for us Aussies, keep up the work!
I'm looking at retirement soon with $700K super- couple I'm just turning 60yrs, but i agree with your estimate of later one partner from 85yrs is likely and greater pension. I may return to work part time in the future to boost cash flow if its a problem also possible inheritance may help as well. I believe Gifting to children lump sums will count in assets test within 5x yrs of applying for pension.
Thats correct, any amount over $10,000 per FY will be assessed for 5 years.Cheers Rob
Wow, didn’t realise you guys had such a sov citz demographic in the comments.
Solid information guys.
Would be great to do another one of these for singles :)
Recording this one today. Thanks for the suggestion, Rob
Love your show ❤
Was looking forward to see what you had to say about the topic of this video. Sorry, but had to turn it off at the 50sec mark.
Thanks for your feedback, it was a good chat. Rob
What about checking your eligibility for any overseas pension ? I have lived in OZ since my late 20’s and still qualified for UK pension.
Straight from moneysmart.
To be eligible for the Age Pension, you must:
-be age 67 or over, depending on when you were born
-be an Australian resident and have lived in Australia for at least 10 years (5 years with no break)
-meet the income and asset tests
@@ConsortiumPW No argument with anything stated in your reply. Lots of people can and do meet your stated eligibility criteria for an OZ pension as well as meet the required conditions fora UK and other nations State pensions.
Clear enough..good info
If possible, can you please do a similar video for Americans who live in the United States? Thank you so much for your educational videos.
Sorry but dont know your social sercurity system. Thanks for asking
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Re funerals... a tip: you absolutely don't need to spend $15K for a funeral bond.
$3-4K should be enough, per-person. Just put the money aside, write a note for the executor of your will.
Save the money, do something better with it.
Agreed, a funeral will not cost most people $15,000 but it will be exempt from the Centrelink Assets test and increase the age pension by $780 for every $10,000 reduced making it a good deal. What is not used for the furneral is refunded. Thanks for your comment, Rob
If I known I would not invest the way I did. I INVESTED JUST UNDER $400,000 and did not relies that I would loss $11,423.30 from $29,023 pension annual, leaving me with $17, 423.30.This is because previous government put a ASSETS TEST on your investment, it is a discrimination against anyone who what to feel comfortable in their retirement. At the sametime you can put (say $400,000) in a FAMILY TRUST FUND and still get the pension "because " you now have nno or little money. But at the sametime your family will assist you in anything you need. Therefore you pension becomes more a comfortable amount to live, giving that extra cash to do with it.
Thanks for your comment. The Centrelinks asset and income test has in place for decades, there has been changes over time. For a single home owner the lower is $314,000 excluding your home, the pension reduces up $686,250 and cuts out after this amount. There are ways to reduce the assessable assets, Lifetime annuity, gifting, or funeral bonds. If you move your assets to a Family Trust that you control the assets are still assessable under your name. If controled by a family member and you still benefit, Centrelink may still apply the assets to you. Regards, Rob
@@ConsortiumPW so you think that is OK to still discriminate against anyone who has ""more"" than the amount you ""should "" . This is very similar as a person who controls a partner under the Domestic Abuse.
Good to see the options. I wanted to know how $650k from the age of 60 a couple can retire? How much do they have yearly to spend until 93 years of age? Sorry, you didn’t get into that.
Thanks for your question. Its a difficult one to calculate, as the chances of both getting to age 93 and receiving the Age Pension as a couple is low. The difference of the full Age Pension as a couple is $44,000 compared to $29,000, which is massive. So what I do is project to age 85, assumig someone will pass away and see if there is there enough financial assets to supplement the $29,000 single Age Pension, for those years when not too much is spend. Also retiring at age 60 means you are self funded until Age Pension age at 67.
Now after saying all that, to answer your question. An income of $58,000 indexed to CPI less 0.5% pa (We spend less as we age) should see enough funds for the remaining single penioner at age 85. Sorry that was a lot, but hope it helped. Regards Rob
At 66 or 67 they can apply for full pensioner very simple
78 is the average death rate
@@Procharged32I would hope the template starts at the average age and is then tailored to be more closely aligned to the individuals involved. Often this involves you providing an assessment with some knowledge. I had employment which involved risk management so I was familiar with estimating forward in many scenarios.. eg saying 74.5 % of people like say the colour blue is ‘less’ accurate than saying about three quarters of people like the colour blue.
home does bring in any income but does save rent.
Great to see acknowledgement of country - not sure how this is ‘woke’ … great talk, thanks
Thanks for your feedback, Rob
It would be good to receive some scenarios printable.
Yep I am another who was initially interested but I stopped the video the moment you trotted out the woke ‘welcome to country’. I don’t need to be welcomed to my own country and u probably don’t even know why you are saying it. Sorry but you’ve lost me.
Thanks for your feedback. Cheers Rob
I wonder when they are going to acknowledge other ethnicities e.g. Greek Australians or Vietnamese Australians. It is explicitly racist to select 1 and only 1 ethnicity - not their intention I suspect!
Talk about triggered hypersensitive anti woke cancel culture. Poor diddums victim of what??????????
Thanks for video.
I kow a few pensioners that can actualy save money on the pension.
I am trying to work out when to retire 61 at present.dont want to work to 67.
I would agree your job is to give the best financial advice.not promote a particular way of thinking that may on not be popular depending on your audience.
Thanks ben
Everyone has different needs and values. Some of the happiest people I've meet are on a full Age pension and nil investments. I've seem some of my very wealthy stressed at time because of $$.
If you can live off a lower income, it provides you more options to retire prior to Age Pension age. Get some advice and complete the projections, the numbers should be our guild. Thanks Rob
So a couple with $650K in super, who own their house (but no other assets) retire at 60 - they ‘ withdraw’ from super $45K yr indexed - all good?
Hi Paul, I just ran some numbers and because $45,000 pa in not a big yearly expense it does work. The fund do ran down while you would be self funded through to 67, and then close to a full Age pension of over $43,000 pa. From age 67 you could actully save. Thanks Rob (General Advice Only)
A couple who retire on $ 650k can still get full pensioner ,
Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650
Live comfortably on full pension and have the rest of the $650 in the bank 👍👍
Learn how to write a sentence that makes sense!
@@Rick-kj9dd A couple who retire on $ 650k can still get full pensioner ,
Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650
Live comfortably on full pension and have the rest of the $650 in the bank 👍👍is clear now
Nope. The asset limit for a full aged pension for a couple (who own their home) is $470,000.
Hi Rob & Amy l thought the presentation was good l would like to see a scenario where a couple was going to retire abroad at let’s say 65 years of age would that be possible
Hi Vincent, are you thinking that the income needs would be lower abroad and if so, how much do you think you might need from age 65? Thanks Rob
@@ConsortiumPW Hi Rob l will send you an email. Thanks Vince.
Suggestion: change title of video to "How to retire on $650,000 AND YOUR OWN HOME as a couple in Australia".
It's all about owning your own home.
If you don't, you are going to have a very hard time retiring on 650K. Rent is going to take out most of that nest egg.
IMO, this is going to cause major problems in Australia, as many more people will never be able to buy their own home.
Hmmm, like the suggestion for some other variations of the theme. I agree, home ownership should be a goal for everyone, that goal is now so difficult to achieve given the crazy house prices and debt levels needed to purchase a home. Thanks Rob
Thank you for expressing the gratitude in the
beginning of the video. It is similar to paying
respect to the common ancestors of humanity.
Thanks for your feedback, regards Rob
Great Info. Can't you cut out the welcome to country crap. Aren't we all Australians. The constant talking about race creates move division and constant negativity.
Yep, we are all over it
Thanks for the feedback Darin. Amy
100% do not need the divisive crap at the beginning. Well said.
So rude. It doesn't hurt anyone to be respectful to others by paying respects. The ugly side of bogan Australia
@@ConsortiumPW Thank you for acknowledging and paying your respects to the traditional custodians of our nation. I appreciate it.
Why is your respect limited to First Nation people?
If we are expressing our gratitude for those important elders of the past we should also thank the hard working men and women who endured great hardship to make this country great; the young people who strive to educate themselves to help us navigate future challenges; Americans soldiers for their sacrifice to defend our freedom.
It’s a great habit to offer gratitude and respect to those who deserve it, so let’s get real.
Thanks for your feedback Richard, regards Rob
It's not only the money they get it's vall the other benefits eg power bills ,rego, medical, dental, even hearing aids . Where as i don't receive one cent of government assistance. Because i planed but i am not rich 750000goes quickly but as soon as i can i will be getting everything im entitled to.
And so you should. Superannuation was never intended (except in the LNP party room) to ‘replace’ the pension, it’s a supplement to support Australians in retirement. I celebrate I won’t need the pension immediately at 67 like yourself.
Thank for this great video… there’s so much information I learned
Glad it was helpful!
Great work guys ;) Ignore the keyboard warriors with their pants around their ankles.... this is great stuff. are you able to do a single person at 60?
Switched of as soon as you started that divisive crap so sick of this shit
Thanks for your feedback, Rob
U are doing amazing work👏🏽
This is for Australians not for Americans
Thank you for your reply.
I was very interested in what you are about to say but switched off as soon as you wanted to preach the woke religion.
I fast forward through all of these whenever I hear them.
Buh bye then! 🏳️🌈
Agreed, not interested in your wokeness and guilt…
Thanks for the feedback Steve. Amy
Did same.
Better stay single and have children sharing your house, which in turn shares expenses.
Im surprised how much i pay my super fund in fee's on 600k
Hi Tony, fees can have a significant impact on your net returns and your balance over a long period of time. Important to understand what your paying, there are three types of fees. Product admin fees, ICR or investment manager fees and possibly a adviser fee if you use an adviser. If your in an old product, it may be costly when compared to more modern day options.
You lost me the instant you started that woke bull$hit. The vast majority of us don't want to hear that garbage.
Thanks for your feedback. Cheers Rob
The irony - I always thought being "woke" was having a sook and complaining when you don't get your own way (so that would make you "woke"). And don't kid yourself, you're only speaking for the vast majority of boof heads with an antiquated opinion.
Yep….turned at the woke thanking
Thanks for your feedback, regards Rob
Cut out the wokeness. We live here and this is our country... we dont need to be welcomed to it!
Thanks for your feedback. Cheers Rob
retire age 67 year, $450 per week you call very generous??
Hi Danny, per member of a couple this would be considered a comfortable income for the first half of retirement, as per the ASFA retirement standard. Thanks, Amy
@@ConsortiumPW We worked all our entire life for this country, when we are getting old, unable to work any longer we need to be look after well by this country, with cost living are skyrocket what today's $450 per week can buy you? TBH, it can't even buy you a plumber visit! It's so sad when people getting old, actually they are the most vulnerable people of society. NZ and UK none of them has mean test for retirees why does Australia to follow their cousins to do the same for its own retirees give them a decent retirement life for their last life journey. I personally agree what UK and NZ does to their retirees that is call Generous!
@@dannyfire8694 The country doesn't owe you a living in retirement mate. You owe it to yourself to have your house paid off before you get to that age and do the preparation well before retirement. The whole point of the Superannuation scheme being set up back in the 80's was to take the pressure off people needing to sponge off the pension system. You sound like you want your cake and to eat it as well - not going to happen.
@@Bobbydazzlla You are wrong! That is why we work hard when we are young, pay taxes, and build a country where every taxpayer can enjoy their old age with peace of mind. Instead of having the elderly either forced to leave because of the high cost of living that they cannot afford, or stay and live in poverty... This is a country where politicians enrich themselves for their own retirement, and this country continues to accept new immigrants and refugees, who are taken care of better than their own elderly, but do not contribute anything.
@@danielguo1033 Mate, my dad told me at a very early age that - I'll always have to work and I'll always have to pay taxes and the sooner I get over that fact the happier I'll live. Sounds like YOU needed that talk. He was right, I worked on a production line, added as much money as I could to my super, and retired 4 years ago aged 54. No one owes any of you anything and the soon you realize that in life the less you'll belly ache about it later.
Woke!
My prediction for word of the year 2024 too. Amy
Who’s the “owners of this land”
I agree
There are multiple, they are Jaadwa, Jadawadjali, Jupagulk, Wergaia and Wotjobaluk people. Amy
Whats this statement got to do with an educational video for retirement? Why is necessary? @@ConsortiumPW
@@ConsortiumPW Just ignore their hateful, racist comments
WTF! acknowledgement of country on you tube pod cast now - give me a break! I'm outa here.
Thanks for your feedback, Regards Rob
Please ignore the ignorant, hateful, racist comments posted here. Very disappointing
There is nohing “hateful or racist” here in the comments section; if you believe there is then report it and have it removed. One thing people do hate is being continually welcomed to their own country everyday. Can you imagine if some stranger rang your doorbell everyday and welcomed you into your own house. This divisive rubbish needs to end.
You Can do without the virtue signalling it means nothing .
Thanks for your feedback, regards Rob
You lost me and all of your credibility with the woke welcome to country crap. No subscription from me today. Next time start with something less divisive.
Thanks for the feedback. Amy
What's divisive about paying respect to the original custodians (65,000 years) of this land that we call home? Attitudes like yours are the source of hate and division.
@@annecrestani9218 Wouldn't it be nice to engage in something non political without lefties who have never paid respect to anyone, demanding respect ,from everyone. I assume you would have been respectful if this video has started with a tribute to Cptn. Cook and British colonization. Lets just keep it non political then, so you can keep your hatred for some other lefty cause.
@@annecrestani9218 So you'd be ok about seeing a tribute to cptn Cook and British colonization in a retirement video. Perhaps it's just better to keep it all non political and that way you can keep your hatred and lack of respect for other not wanting to be brainwashed to yourself.
Next time you want to do that woke acknowledgement crap, don't forget to acknowledge the people who were brought here kicking and screaming against their will for crimes that would today be punishable by a fine or community service. Actually, it's the first nations people who should do that but I've never heard of it being said by them.
Thanks for your feedback. Cheers Rob
Geez anti woke butt hurt people on here 😊😂
Thanks for the commentr George :)
I turned off when you mentioned paying your respects ...huge fail
They are compliant people sadly a sucker born every day
Why are you do hateful?
Thanks for the feedback Brent. Amy
Why are you so hateful?
They singled out one small group on the basis of race - classic racist behaviour!
Lost me at welcome to country bullshit!
Thanks for the feedback!! Amy
Also switched off soon as the WOKE bullshit started unreal
Thanks for the feedback Paul. Amy
Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!
Thanks for sharing your thoughts Andrew. Amy
Woke introduction, good bye,
Thanks for your feedback, Rob
I didn't feel that presentation was professional at all!
Hi Rick, thanks for the feedback, we tend to allow the recorded podcasts (such as this video) to be much more casual in presentation. If you are after more professional style vidoes, you may enjoy the short videos on our channel. Kindly, Amy.
@@ConsortiumPW I found the information informative and very easy to understand. Thanks.
Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!
Thanks for leaving a comment. Amy
@@ConsortiumPW Why are you thanking people for their hateful, racist comments?
What a shame you had to spoil it with your virtue signalling
Thanks for commenting. Amy
are you serious???? Get a life, show some respect to the original custodians of this country (65,000+ years). Geez there is so much hate and racism
@annecrestani9218 allowed to have a point of view. . It wasn't racist either it was just that everywhere you go, you don't need to be constantly reminded it has lost all meaning. this constant barrage is what's causing separatism division. You don't know anything about me and my family ties, I'm married to someone who has indigenous ancestors, as is my daughter, and my grandchildren are part aboriginal due to that fact, but it is OVER used
Acknowledgement of land , HAA. How many indigenous people do you think watch these videos? I'll take a guess and say ''ZERO''
So who are you pandering to?
Thanks for the feedback. Amy
Got 1 minute in the woke virtue signalling stated and I said goodbye. At least you got a 👎.
Sorry you couldnt get past that. Amy
Advise to couple who retire at 65 spent more then you can
Pay you funeral up front buy you cemetery plot and monument 🏛